US Fed funds rate

The move lifts the Fed’s benchmark to a 3.75%-4% range, from nearly zero in March.

BOS Chief Economist Mansoor Mohi-uddin sees the Fed’s dovish outlook keeping US Treasury yields very low, supporting risks assets while weakening the US Dollar further.

The Fed has come out in favour of maintaining or even increasing the pace of QE to avoid a new case of taper tantrum, says BOS analysts Eli Lee and Conrad Tan.

“Uncertainty continues to weigh on risk sentiment, which is positive for gold in the longer-term,” say Phiillip Futures analyst Avtar Sandhu.

“We’re not going to be in any hurry to withdraw the measures or to lift off. We’re going to wait until we’re quite confident that the economy is well on the road to recovery,” says Fed Chairman Jerome Powell

“Fed is prepared to use our tools and act appropriately, depending on the flow of events,” says Fed Chairman, Jerome Powell.

(Dec 12): The US Federal Reserve has voted to keep interest rates unchanged in its final policy meeting for the year.

SINGAPORE (July 1): In December 2015, the US Federal Reserve raised interest rates for the first time in a long while. This ended the unprecedented era of ultra-accommodative monetary policies deemed necessary to resuscitate economies after the 2008/09 gl